Broker snap: Investec cuts targets at Standard Chartered
12th Dec 2011 10:20
Investec has cut its targets for emerging markets-focused bank Standard Chartered and reiterated its hold rating on the stock following its pre-close trading update published last week. "The pre-close statement last week was a mixed bag. Consumer and client flows in Wholesale showed double-digit gr
Read moreMonday broker round-up - UPDATE
12th Dec 2011 09:30
Xstrata: UBS cuts target from 1,550p to 1,450p, buy rating unchanged AstraZeneca: Credit Suisse reiterates underperform rating and 2,600p target. Standard Chartered: Investec reduces target from 1,650p to 1,550p, hold rating maintained. British American Tobacco: Investec raises target from 3,100p
Read moreFriday broker round-up
9th Dec 2011 10:05
Rio Tinto: Investec cuts target from 4,170p to 4,045p, buy rating kept. BG Group: Nomura keeps buy and 1,850p target. Genel Energy: Investec reiterates buy and 1,360p target. Standard Chartered: Nomura reiterates buy and 1,800p target. African Barrick Gold: Investec reduces target from 634p to 6
Read moreFriday tips round-up: Tesco, AstraZeneca, Standard Chartered
9th Dec 2011 06:46
The Telegraph's Questor column takes a look at a familiar name, Tesco, the UK's largest retailer. Yesterday it revealed the fourth quarter of reduced like-for-like sales in the UK. Its new boss Philip Clarke admits this isn't good enough and the Big Price Drop strategy was an attempt to tempt in ne
Read moreLondon close: Stocks plummet after ECB
8th Dec 2011 16:43
The Footsie took a tumble in the afternoon as initial optimism following the European Central Bank (ECB) decision to cut rates quickly faded after a press conference with its president Mario Draghi. In the last two-or-so hours of trade, London's blue chip index dropped more than 100 points from its
Read moreFTSE 100 Movers: GKN falls on downgrade
8th Dec 2011 15:25
GKN continued to fall on news that Credit Suisse had downgraded the stock from outperform to neutral. Standard Chartered fell after saying its income for 2011 is now expected to grow at "just below a double digit rate" after a depreciation in Asian exchange rates against the dollar. Previously the
Read moreLondon midday: No surprises from BoE, market awaits ECB decision
8th Dec 2011 11:45
After a strong start, the Footsie pared gains by lunchtime, ahead of a busy afternoon and evening in the Eurozone. The Bank of England (BoE) issued no surprises, keeping interest rates on hold. Markets are now awaiting a decision on European Central Bank (ECB) interest rates due out at 12:45 London
Read moreBroker tips: Tesco, Standard Chartered, Recruiters
8th Dec 2011 11:17
Today's update from Tesco has prompted a mixed reaction from brokers Nomura and Evolution Securities, who have given contrasting assessments of the supermarket chain's third quarter figures. Nomura is generally pleased with the statement, saying that the figures came in line with expectations. The
Read moreBroker snap: Nomura encouraged by Standard Chartered statement
8th Dec 2011 09:00
Nomura stays confident over prospects for emerging markets-focused bank Standard Chartered, saying that the overall message in the pre-close trading update is "relatively encouraging to us in the current global environment." "The company is happy with consensus, impairments are lower than expected
Read moreThursday broker round-up - UPDATE
8th Dec 2011 08:45
Tesco: Nomura keeps buy rating and 500p target. Tesco: Evolution Securities keeps reduce stance and 350p target. Tesco: Panmure Gordon keeps buy rating and 500p target. Standard Chartered: Nomura maintains buy recommendation and 1,800p target. PZ Cussons: Panmure Gordon cuts target from 380p to
Read moreLondon open: Footsie opens up, Tesco's price drops
8th Dec 2011 08:11
The Footsie opened firmly in the blue as investors looked ahead to this evening's EU summit with confidence. Meanwhile, the Bank of England (BoE) and the European Central Bank (ECB) are expected to announce their interest rate decisions after midday. ALL EYES ON THE EURO With the BoE expected to f
Read moreStandard Chartered lowers profit forecast
8th Dec 2011 07:11
Standard Chartered said its income for 2011 is now expected to grow at "just below a double digit rate" after a depreciation in Asian exchange rates against the dollar. Previously the bank forecast double digit revenue growth, but today it said it had been hit by Asian exchange rates falling by up
Read moreFTSE 100 Movers: Banks lead the way higher
2nd Dec 2011 13:26
Banking giants Barclays, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered were all making strong gains, in line with the broader European banking sector, as fears over the Eurozone crisis eased. RBS was also boosted by news that it is to sell its tenanted pub business of 918 pubs
Read moreLondon midday: Banks lead risers ahead of US jobs data
2nd Dec 2011 11:52
The Footsie was trading close to its highest levels of the day at midday as markets await a key jobs report from the US, which some are expecting to beat consensus forecasts. ALL EYES ON THE JOBS REPORT The US Labor Department will release its monthly employment report at 13:30, in which analysts
Read moreFriday broker round-up - UPDATE
2nd Dec 2011 09:42
Rolls Royce: UBS downgrades to sell from neutral, cuts target to 600p from 610p. Admiral: RBC initiates at underperform with a price target of 890p. Standard Chartered: Nomura reiterates buy recommendation and 1,800p target. Admiral: Investec maintains sell rating, cuts target to 570p from 843
Read more